Uzbekistan Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Uzbekistan's foreign reserves was $39.9B in 2025, ranked 50th globally. This represents a 3.2% decrease from 2024. Data from World Bank, covering 1999–2025.
Overview
Uzbekistan's foreign reserves stood at $39.9B in 2025, a decline of +$1.3B from 2024. Based on recent trends, this figure is projected to reach $39.9B by 2025. Uzbekistan ranked 50th globally.
Uzbekistan’s foreign reserves have expanded dramatically since the turn of the millennium, rising from a trough of 1,242,300,740.62 in 1999 to an all‑time peak of 41,236,890,133.33 in 2024, before settling at 39,924,269,890.16 in 2025, which places the country 50th globally. This growth reflects sustained current‑account surpluses, prudent monetary policy and the accumulation of hard‑currency earnings from exports of commodities such as cotton and natural gas. The reserve stock now exceeds that of Egypt (39,329,384,438.13) and approaches Portugal’s 42,977,751,739.53, underscoring Uzbekistan’s emergence as a regional liquidity buffer. The modest decline from the 2024 peak suggests a slight outflow, possibly linked to external debt servicing or strategic purchases of foreign assets. Continued diversification of export markets and the gradual liberalisation of the financial sector are likely to sustain the upward trajectory, while any sharp depreciation of the soum or geopolitical shocks could reverse the trend.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $42.3B | - | - |
| 2026* trend | $41.1B | - | - |
| 2025* trend | $39.9B | - | - |
| 2025 | $39.9B | −$1.3B | #50 |
| 2024 | $41.2B | +$6.7B | #49 |
| 2023 | $34.6B | −$1.2B | #51 |
| 2022 | $35.8B | +$398.5M | #48 |
| 2021 | $35.4B | +$472.3M | #52 |
| 2020 | $34.9B | +$5.6B | #53 |
| 2019 | $29.3B | +$2.2B | #50 |
| 2018 | $27.1B | −$993.8M | #52 |
| 2017 | $28.1B | +$1.8B | #50 |
| 2016 | $26.3B | +$2.0B | #49 |
| 2015 | $24.3B | +$91.6M | #50 |
| 2014 | $24.2B | +$1.7B | #52 |
| 2013 | $22.5B | +$21.3B | #52 |
| 1999 | $1.2B | – | #83 |
Detected Pattern
Analysis
Uzbekistan matched the Orthodox Tightening Cycle pattern in 2018. Historically, 57% of countries showing this pattern (177 out of 311) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Uzbekistan's foreign reserves was $39.9B in 2025. Ranked 50th globally. This represents a 3.2% decrease from the previous year.
Uzbekistan's foreign reserves peaked at $41.2B in 2024.
The lowest foreign reserves in Uzbekistan was $1.2B in 1999.
Uzbekistan ranks 50th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Uzbekistan's foreign reserves is projected to reach $39.9B by 2025 based on trend extrapolation.
Uzbekistan's foreign reserves was approximately 39.92 billion ($39.9B) in 2025.
The foreign reserves of Uzbekistan in 2025 was $39.9B. This ranks 50th in the world.
Cite this page
@misc{historysaid_uzbekistan_reserves,
title = {Uzbekistan Foreign Reserves},
url = {https://historysaid.com/uzbekistan/reserves/},
publisher = {HistorySaid},
year = {2026}
}